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Published 2nd May 2007, 12:13pm

The Education Council of the Cayman Islands is pleased to invite applications from local students to take advantage of the 'Paul F. Fenton Award' scholarship opportunity, offered by Cayman based investment management firm, Overseas Asset Management (OAM). The award is worth C$20,000 per annum and will cover the costs for a qualifying student to attend Bishop's University in Canada including tuition, books, residence, a meal plan and compulsory fees for one student. Desmond Kinch, Chairman of OAM said, "Bishop's University is a good choice for students from the Cayman Islands, particularly those interested in studying Business. Bishop's is one of the smallest universities in Canada, yet the Business school has an excellent reputation". Paul Fenton was Finance professor at Bishop's University from 1974 to 1988, and Desmond Kinch's mentor during his time there. Mr. Kinch graduated from Bishop's in 1984 with a Bachelor of Business Administration degree (Finance major), First Class Honours. Mr. Kinch said, "My objective is to give one student from the Cayman Islands, every four years, the same opportunity I enjoyed." The opportunity is on offer to any Caymanian secondary school student with preference given to a student who wishes to pursue a major in Business. The award is renewable for the duration of the student's studies to a maximum of four years, subject to the student maintaining a pre-determined minimum average. The criteria for maintaining this award corresponds roughly to maintaining an average in the top quartile for all Business students enrolled at Bishop's. Consideration will be given to the financial means of the student. Selection of candidates will be made by the Bishop's University APEX Committee (Awards for Peer Excellence) in consultation with the Ministry. Eligible candidates must demonstrate academic standing in keeping with the regulations established by the Bishop's University Admissions Policy Committee. The deadline for international students to apply to Bishop's University for the university year beginning in September 2007 is 1st July, 2007. Applicants require a letter of acceptance from the University before applying to receive the Paul Fenton reward. Applications to the University may be submitted online at Separate application forms for funding may then be obtained from the Education Council or the Ministry of Education, either by email request to, or from the Ministry website, The Ministry may also be contacted by telephone at 244 2417. Applications to the Ministry should be accompanied by a letter of acceptance from the University, and must be submitted by the deadline to the email address above, or by mail to: Ministry of Education, Training, Employment, Youth, Sports & Culture, c/o Government Administration Building, Grand Cayman, KY1-9000, CAYMAN ISLANDS. With a small campus, relatively small class sizes for lectures, and being located in a small town, Desmond Kinch believes Bishop's University is well suited to students from small islands in the Caribbean. He says, "Many Bishop's graduates go on to become successful in business and valuable members of the community." Mr. Kinch stays in touch with many of his friends from Bishop's, as well as with Paul Fenton. More information on Bishop's University can be obtained on the website,